Colonial Apartments

Opportunity Overview

• Gomel Capital Partners (“Gomel” or the “Sponsor”) is under contract to purchase Colonial Apartments and Oak Creek Apartments (the “Portfolio” or the ”Properties”) located in Garland, TX
• The Properties comprise 140 units and 111,488 square feet, with an average unit size of 796 square feet.
• The transaction was procured through our extensive experience and strong local reputation in the Texas markets.
• The Portfolio is underperforming due to weak management and unit conditions below current standards for its class and location.
• The Sponsor will implement light unit upgrades and install a professional management team to bring the Portfolio to market performance

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